How much will bench received at the point

Assignment Help Financial Accounting
Reference no: EM132946061

Problem 1: Jag, Lee and Bench are partners having the following capital balances of P 11,200, P13,000 and P5,800 respectively. Profits and losses are shared 4:2:1. if Jag receives a total of P3,200 in cash, how much will Bench received at this point?

a. P5,600
b. P3,000
c. P800
d. P3,800

Reference no: EM132946061

Questions Cloud

Community services theory : Provide a definition of your chosen community services theoretical principle and Provide a strong overview of the chosen community services
What amount should gas report as dividend income : What amount should Gas report as dividend income in its statement of comprehensive income for the year 2019
How much cash can be distributed safely to each partner : How much cash can be distributed safely to each partner at this point? Lebron and Wade, partners who share profits and losses equally decided.
What is the book value per share of preference shares on dec : Corporate liquidation, shares are preferred as to assets up to par. What is the book value per share of the preference shares on December 31, 2019?
How much will bench received at the point : Profits and losses are shared 4:2:1. Profits and losses are shared 4:2:1. if Jag receives a total of P3,200 in cash, how much will Bench received at this point?
What would be the amount of the dividend per quarter : It had issued12,000 shares and subsequently reacquired 2,000 shares as treasury stock. What would be the amount of the dividend per quarter?
How much is the total assets of the partnership for magalang : How much is the total assets of the partnership for Magalang? Magalang, Matulungin, Masipag and Matapat are partners sharing earnings in the ratio of 3:6:9:12.
What amount be reported as retained earnings immediately : At the current year end, Spurs Corporation, What amount should be reported as retained earnings immediately after the share capital dividend?
How much is the dividends per share on preference share : Dividends declared for 2020 amounted to P400,000. How much is the dividends per share on Preference share at the end of 2020?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the discounted payback for the investment

This investment will cost the form $150,000 today, and the firm's cost of capital is 10%. What is the discounted payback for this investment?

  What is the interest rate

The fine print in the ad says that for a $1,300 deposit, the bank will pay $100 every year in perpetuity, What is the interest rate

  Determine the interest rate you will pay

Determine the interest rate you will pay, if you are approved for a loan for $ 112,000 with annual payments of $ 15,000 over 8 years

  What is average length of time a piece of jewelry stays

A high-street jewelry stor, What is average length of time a piece of jewelry stays in the store (years) for this high-street jewelry store (T)?

  What are the more ways to use the risk and return concepts

What are the more ways to use the risk and return concepts to become a better operational manager. What recommendations do you have

  What would be book value of equipment net of depreciation

Switches to the straight-line method of depreciation. What would be the book value of the equipment net of depreciation at the end of the fourth year?

  What is signal indicates

Can understand why If a firm has the positive earnings but has the negative free cash flow, what this signal indicates? Explain in detail.

  Good example of derivative mismanagement

JPMorgan is a good example of derivative mismanagement. Please note the discussion of recent examples of mismanagement of derivatives on pages 904 to 907 of the textbook. Class, Futures contracts can be used for both speculation and hedging. What is ..

  Principles of financial accounting

Principles of Financial Accounting- Affordable Trailer Rental rents small trailers by the day for local moving jobs. This is its adjusted trial balance at the end of the current fiscal year: From the information given, record closing entries in journ..

  Equivalent risk-rated debt instruments carried a yield rate

The Longo Corporation issued $50 million maturity value of 8 percent coupon rate notes, with interest paid semiannually. At the time of the note issuance, equivalent risk-rated debt instruments carried a yield rate of 6 percent. The notes matured in ..

  What is the number of equivalent units in ending inventory

LDR Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Re±ning, and Packaging. On January 1, the FIRST department, Mixing, had no beginning inventory. At the end of the month, LDR calc..

  What is the profitability index and what is conclusion

If XYS PV of Cash Inflows is $34,000 and the PV of outflows is $40,200, what is the Profitability Index, and what is your conclusion?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd